SEWING COTTON SKYING.

Taihape Daily Times, Volume XI, Issue 3414, 19 February 1920, Page 6

SEWING COTTON SKYING.

‘ A 50 PER CENT s‘~OA’3.. Cable advice was I'eceiy'e3, in i {own yesterday announcing aiiotlter rise, this time no less tha.n 50 per cent in tlie wholesale price of reel eotfm. The current quotation for ordinary reels new touches the unprecedenu-Ll recnrd of 78/ per gross, or 6/6 per (in-..v,en_ A prominent retailler, in referring to this matter last evening, expressed himself in terms of eloquent: deiiznrzizitioii of this apparent rigging of thg wholesale cotton market. “It simply cannot’: go on much longer,” be declared. " The thing‘ is simply seand'alouS. E\'el‘y—thing We handle, soft goods of every description, is continu:l.ll-.y being bumped up, and the cost is becoming absolutely prohibitive. Stuffs which we were once able to sell over the counter with profit at 53d 21 yard, are now costing us 1/11:}, plus 33 1-4 rd, and our invoices all tell the s'a.nle sorry tale."